WebFi Crypto market ‘dramatically underestimates’ bullishness of spot Bitcoin ETFs #Usa #Miami #Nyc #Uk #Crypto #Bitcoin #Ethereum
Tip Top Coin

WebFi Crypto market ‘dramatically underestimates’ bullishness of spot Bitcoin ETFs #Usa #Miami #Nyc #Uk #Crypto #Bitcoin #Ethereum

TipTop Coin
TipTop Coin
Read in 3.20 mintues

WEBFI | TECH  | MAGAZINE | NEWS | CRYPTO & MARKET | LATINO |⛅WEATHER | 🟢LIVE | ☕

More results...

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors


WEBFI Hosting Service for lifetime - Onetime Donation - LifeTime Hosting Service for a lifetime - Onetime Donation - Lifetime License Are you the owner of your domain? With your Donation to WEBFI.NET, you get a space on our servers under the WordPress format, with unlimited disk space, unlimited bandwidth, premium access to premium themes galleries and Premium WordPress Plugins, and unlimited HTTPS WildCard protocol. Immediate activation 24 hours after your donation is confirmed. Lifetime license - One-Time Donation. Donations are processed by PayPal and PayPal Guest so you don't need a PayPal account, you can safely use debit, credit, or gift cards. The concept is simple and runs in as little as 24 hours *ONETIME Donation *WordPress-PRO Platform. *Unlimited Disk Space*Unlimited Bandwidth *SSL Wildcard Certificate *99.5% UPTIME *WordPress Premium PRO All Access Platform, Themes, and Plugins *24Hrs activation time from any phone or computer via www.1877.link or @ctmmagazine DM 0r in our customer service board WEBFI is aimed at anyone who seeks to be informed and entertained or wants to publish their opinions and news in real time. This is an Open and Public website, your opinions and post can be seen at the front on the home page and directories. webfinet website ownership license for lifetime With your Donation to WEBFI.NET, you get a space on our servers under the WordPress format, with unlimited disk space, unlimited bandwidth, premium access to premium themes galleries and Premium WordPress Plugins, and unlimited HTTPS WildCard protocol. Immediate activation 24 hours after your donation is confirmed. Lifetime license - One-Time Donation. Donations are processed by PayPal and PayPal Guest so you don't need a PayPal account, you can safely use debit, credit, or gift cards. The concept is simple and runs in as little as 24 hours *ONETIME Donation *WordPress-PRO Platform. *Unlimited Disk Space*Unlimited Bandwidth *SSL Wildcard Certificate *99.5% UPTIME *WordPress Premium PRO All Access Platform, Themes, and Plugins *24Hrs activation time from any phone or computer via www.1877.link  or @ctmmagazine DM 0r in our customer service board Get your own space to host your website for a single donation that allows you to host your project for life without the need for recurring payments, you only pay for your domain annuities to your domain provider and that's it!
LIVE

The potential of a spot Bitcoin (BTC) exchange-traded fund (ETF) approval to drive prices up is dramatically underestimated by the crypto market, claim analysts from crypto research firm K33 — formerly Arcane Research. 

In a Sept. 5 market report, K33 senior analyst Vetle Lunde and vice president Anders Helseth said the last three months had greatly improved the chances of a spot Bitcoin ETF approval despite the sentiment not being reflected in the price of Bitcoin or other mainstay crypto assets.

The analysts explained while Bitcoin had all but given up its gains in the wake of Grayscale’s legal victory over the Securities and Exchange Commission — an approval would “attract enormous inflows” and significantly increase buying pressure for Bitcoin.

Bitcoin returned its gains in the wake of Grayscale’s victory. Source: K33 Research

However, the downside of a potential spot ETF rejection would be “negligible” and Bitcoin prices would simply maintain business as usual, they wrote.

Lunde and Helseth added that given the increased likelihood of spot ETF approvals — with several Bloomberg analysts now predicting a 75% chance of approval within the year — the market’s outlook on ETFs is fundamentally incorrect.

“I firmly believe the market is wrong. This is, by all accounts, a buyer’s market, and it’s reckless not to aggressively accumulate BTC at current levels.”

Bolstering their bullish prediction, the analysts looked to the recent 2% gain in the tech-heavy Nasdaq-100 index, often viewed as an indicator of the broader market’s risk appetite.

ETH set to outperform BTC

Additionally, Lunde and Helserth shared their optimism for the price of Ether (ETH), explaining that ETH appears likely to outperform Bitcoin over the next two months as it will benefit from strong momentum ahead of a futures-based ETF listing.

Related: BTC bull market began in March, more will realize in a year — Arthur Hayes

They explained Ether may track a similar path to Bitcoin which gained roughly 60% in the weeks leading up to the launch of the first Bitcoin futures-based ETF on Oct. 19, 2021.

The verdict on a futures-based Ether ETF is slated to be handed down in mid-October which is reportedly set to get the green light from the SEC.

Magazine: How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in